TaxTMI 
TaxTMI 
TaxTMI 
Regarding Amendments in the Delhi Value Added Tax Rules, 2005
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....ed Tax Rules, 2005, namely :- RULES 1. Short title and commencement.- (1) These rules may be called the Delhi Value Added Tax (Amendment) Rules, 2015. (2) They shal I come into force on the date of their publication in the Delhi Gazette. 2. Amendment of rule 6A.- In the Delhi Value Added Tax Rules, 2005 (hereinafter referred to as the principal Rules), in rule 6A, for sub-rule (3), the following sub-rule shall be substituted, namely:- "(3) The provisions of sub-section (5) of section 10 of the Act relating to proportionate reduction of tax credit on purchases of goods sold at a price lower than the purchase price shall not apply to a case where in the ordinary course of busi....
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.... wherever an adjustment to tax credit is required as per the provisions of sub-sections (1) and (2) of section 8.". 7. Amendment of Forms.- In the principal Rules, in the Forms appended thereto, - (i) in form DVAT 01, for Part-B, the following shal1 be substituted, namely:- By order and in the name of the Lt. Governor of the National Capital Territory of Delhi, (A.K. SINGH) Dy. Secretary VI (Finance) ============= Document 1(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONALCAPITAL TERRITORY OF DELHI FINANCE (REVENUE-1) DEPARTMENT DELHI SACHIVALAYA, I.P. ESTATE: NEW DELHI-110 002 No.F.3(12)/Fin(Rev-1)/2015-2016/dsvi/6.50 Dated: 2015 NOTIFICATION No. .F.3(12)/Fin(Rev-1)/2015-2016.- In....
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....he Second Schedule, the tax credit shall be reduced by 100 percent; and (a) (b) tax credit shall be reduced by (. 2 X 100 R in the case of goods other than those specified in the Second Schedule, the percents where R is the rate of applicable as per section 4.". Amendment of rule 7A.- In the principal Rules, in rule 7A, in the first proviso, for clauses (iv) to (vi), the following clauses shall be substituted, namely:- " (iv) sale price of goods taxable at the rate of 5 percent; and (v) sale price of goods taxable at the rate of 12.5 percent or more, in order of increase in tax rate:". 5. Amendment of rule 16.- In the principal Rules, in rule 16, the sub-rules (2) and (5) shall be omitted. 6. Amendment of rule 45.- In the principal Rules, i....
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....tock of Finished Goods held on 1st April, year and tax payable thereon. S.No. 1 2 Γ’β¬Β’ of the current Description of Goods Rate of Purchase Value Tax Fair Market Value * (Rs.) Tax Payable (Rs.) ** Total (*As on 1st April of the current year) (** Additional rows can be added, if required) (v) Verification I/We Carry to main form to (7)(iv) hereby solemnly affirm and declare that the information given hereinabove is true and correct to the best of my/our knowledge and belief and nothing has been concealed therefrom. Signature of Authorised Signatory Full Name (first name, middle, surname) Designation/Status Place Date Day Month Year (ii) ΓΛΓΛ in Form DVAT 04A, in Part-A, for the field 11, the following field shall be substituted, namel....
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.... shall be inserted, namely:- 66 A3.3 Receipt of credit notes from seller other than on account of post sale discounts or incentives. [Section 10(1)] A3.3.1 Receipt of credit notes from seller for post sale discounts or incentives. [section 10(1)] 66 99 ; and (d) for Annexure-1D, the following Annexure shall be substituted, namely:- Annexure 1 D Tax rate wise details of Stock in hand as on 31st March To be filed with 2nd quarter return) Rate Total " Amount (Year) 66 (v) in Form DVAT 16A, for the field 6, the following field shall be substituted, namely:- 6. Computation of tax payable Description Goods taxable at 1% Goods taxable at 5% Goods taxable at 12.5% Good taxable at 20% Good taxable at ( )*% Good taxable at ( ** ) *% Work contract tax....